Oilex acts quickly to ensure it has cash

ASX-listed smallcap Oilex only had cash and cash equivalents of $402,261 at December 31, so it is no surprise the company has moved to conduct an urgent capital raise in light of current market volatility.

Oilex acts quickly to ensure it has cash Oilex acts quickly to ensure it has cash Oilex acts quickly to ensure it has cash Oilex acts quickly to ensure it has cash Oilex acts quickly to ensure it has cash

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Yesterday the oil and gas explorer, which is dual-listed on the ASX and London Stock Exchange sub-market AIM, told shareholders it was looking to raise A$500,000 through a placement of 227.

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